Correlation Between Kiley and APT Moto

Can any of the company-specific risk be diversified away by investing in both Kiley and APT Moto at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Kiley and APT Moto into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Kiley Group and APT Moto Vox, you can compare the effects of market volatilities on Kiley and APT Moto and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Kiley with a short position of APT Moto. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kiley and APT Moto.

Diversification Opportunities for Kiley and APT Moto

1.0

Correlation Coefficient

Kiley  APT Moto

No risk reduction

The 3 months correlation between Kiley and APT is 1.0. Overlapping area represents the amount of risk that can be diversified away by holding Kiley Group and APT Moto Vox in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on APT Moto Vox and Kiley is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Kiley Group are associated (or correlated) with APT Moto. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of APT Moto Vox has no effect on the direction of Kiley i.e., Kiley and APT Moto go up and down completely randomly.

Pair Corralation between Kiley and APT Moto

If you would invest  0.01  in APT Moto Vox on May 5, 2025 and sell it today you would earn a total of  0.00  from holding APT Moto Vox or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Strong
Accuracy	100.0%
Values	Daily Returns

Kiley Group  vs.  APT Moto Vox

Kiley Group

Risk-Adjusted Performance

Very Weak

Over the last 90 days Kiley Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong basic indicators, Kiley is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders.

APT Moto Vox

Risk-Adjusted Performance

Very Weak

Over the last 90 days APT Moto Vox has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, APT Moto is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Kiley and APT Moto

The main advantage of trading using opposite Kiley and APT Moto positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kiley position performs unexpectedly, APT Moto can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in APT Moto will offset losses from the drop in APT Moto's long position.

The idea behind Kiley Group and APT Moto Vox pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.